Category Archives: bribes

Russia’s New Old Anticorruption Campaign – “We’re serious this time!”

Posted on November 20, 2014 by

There’s an article on Bloomberg that caught my eye (h/t @agoodtreaty). The article claims that Pres. Putin approved the launch of a ‘new’ anticorruption campaign following a meeting at the Presidential residence in October. According to the article, this was ‘shocking’ … Continue reading →

Posted in bribes, bureaucracy, clans, corruption, criminal law

Should You Hire a Corrupt Manager in Russia?

Posted on February 12, 2013 by

That’s the provocative question raised by Prof. Maxim Mironov of IE Business School in a new paper, which I came across via this post at the Wall Street Journal. In short, Mironov concludes that yes, on occasion, it is worthwhile … Continue reading →

Posted in bribery, bribes, bureaucracy, Business, compliance, corruption, officials, rule of law, russia | 1 Comment

War on Corruption – What to Make of the Latest Scandals?

Posted on December 7, 2012 by

Update: for the Russian speakers, today Kommersant put up an excellent resource on its website, with an infographic on the latest scandals and corruption generally, and links to articles on everything I cover below. Of particular interest – the total financial losses collectively inflicted … Continue reading →

Posted in bribery, bribes, bureaucracy, clans, corruption, criminal law, Dmitry Medvedev, mvd, Putin, Rostekhnologii, russia, siloviki, Vladimir Putin, war on corruption | 1 Comment

IKEA in Russia – Light at the End of the Tunnel?

Posted on June 21, 2011 by

It has been six months since I last wrote on IKEA, and I thought it was time to check in on TRM’s favorite foreign investor in Russia.  In December, it appeared that IKEA’s problems were only getting worse.  The whole story … Continue reading →

Posted in bribery, bribes, bureaucracy, Business, compliance, corruption, Foreign direct investment, foreign investment, IKEA, Nabiullina, oecd, rule of law | 4 Comments

Truth or Consequences – IKEA as a Case Study of Russia’s Miserable Investment Climate

Posted on October 8, 2010 by

Earlier this year I wrote about IKEA’s corruption problems in Russia.  Two senior managers were fired after Swedish media reported that the managers had approved a bribe payment by their general contractor in order to obtain electricity service for a … Continue reading →

Posted in bribery, bribes, bureaucracy, Business, Business and Economy, corruption, Economic development, Foreign direct investment, foreign investment, IKEA, officials, russia, Russian economy | 3 Comments

Daimler Did Not Pay Bribes in Russia – MVD Source

Posted on August 21, 2010 by

So MVD finished its thorough investigation of the corruption allegations against Daimler.  Recall, this April Daimler settled violations of the U.S. Foreign Corrupt Practices Act (FCPA) with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC).  The … Continue reading →

Posted in bribery, bribes, bureaucracy, corruption, daimler, daimler ag, daimlerchrysler, Dmitry Medvedev, fcpa, interior ministry, mvd, prosecutor general, war on corruption

Developing Kremlin Corruption Scandal – Olympics of Bribery

Posted on August 12, 2010 by

I have been sitting on this story for a while, waiting to see if anything actually happens and now it appears that it will amount to something – so here goes.  A few months ago, Russian construction entrepreneur and minigarch … Continue reading →

Posted in anti-corruption legislation, bribes, bureaucracy, corruption, criminal law, daimler, Dmitry Medvedev, Foreign direct investment, foreign investment, Medvedev, officials, oligarchs, prosecutor general, Putin, rule of law, russia, war on corruption | 9 Comments